The Ministry of Housing and Urban-Rural Development said that since the central government included renovation of old residential elevators in the funding scope of ultra-long special sovereign bonds, localities have used the policy support to accelerate upgrades, with more than 360,000 old residential elevators cumulatively replaced.

2026-06-24

The Ministry of Housing and Urban-Rural Development said that since the central government included renovation of old residential elevators in the funding scope of ultra-long special sovereign bonds, localities have used the policy support to accelerate upgrades, with more than 360,000 old residential elevators cumulatively replaced.